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Stock Market & Financial Investment News

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July 17, 2014
10:41 EDTBBBYBed Bath & Beyond announces $1.1B accelerated share repurchase
The company is updating its model for interest expense and diluted weighted average shares outstanding to include incremental interest expense of approximately $9M and $46M for Q2 and FY, respectively, and a net incremental reduction in diluted weighted average shares outstanding of approximately 6 million shares and 8.5 million shares for Q2 and FY, respectively. The company says, "We expect that these changes to the model would not result in a material change to modeled net EPS for Q2,, and would result in an increase in modeled net EPS for the FY."
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